Ann Fox Quotes
[Courtesy overdraft is controversial because, unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time that's given to pay back the overdraft amount often translate to] triple-digit interest rates... Banks have essentially gone into the business of payday lending. 
Tweet
Courtesy | Overdraft | Controversial | Types | Bounced |
comments powered by Disqus
That is a huge number of complaints to be filed for anything... Complaints are an indicator of what's going on, but not the sum total of the problem.
- Ann Fox
Consumers are leveraging their future on the expectation that the economy will stay good and that they'll be able to repay these loans without a lot of difficulty... In a perfect world, that would be OK, but we know the economy has cycles and eventually it may not be so easy to carry this debt.
- Ann Fox